All Articles Tagged - NZDUSD

European Open Preview – Sterling gaps down as Brexit talks are “paused”; US retail sales due

Posted on October 15, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar is marginally higher on Monday against a basket of six major currencies (+0.07%), extending the gains it recorded in the previous session. The safe-haven Japanese yen is the best performer among the G10 currencies, as a diplomatic rift between the US and Saudi Arabia is seemingly keeping investors on the defensive. Elsewhere, the British pound opened with a gap to the downside, after the EU and UK were reported to [..]

Week Ahead – All eyes on China GDP amid equities rout; Crunch time for Brexit talks

Posted on October 12, 2018 at 11:47 am GMT

As rising US yields and ongoing trade tensions fuel concerns about the global growth outlook, GDP numbers out of China will be the main highlight of the coming week. There will be plenty of other important data too as attention turns to monthly jobs, inflation and retail sales figures, with most major economies reporting over the next seven days. Brexit will continue to bombard the market headlines as UK and EU leaders will try to resolve any remaining issues in [..]

US Open Preview – Euro, pound erase gains; equities take off as risk-off recedes

Posted on October 12, 2018 at 11:45 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen moved off one-month lows, trading marginally up at 112.32 (+0.13%) as US 10-year Treasury yields slightly rebounded despite US President’s criticism on monetary policy and as risk aversion eased. Trade fears also somewhat calmed down after Chinese exports in September surprised analysts, showing a double-digit growth of 14.5% y/y, the highest since February, while imports appeared weaker than expected. News that the US and the Chinese President could hold a meeting in November and headlines [..]

European Open Preview – Equity selloff continues, but shows signs of abating

Posted on October 12, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is practically flat on Friday, licking its wounds following considerable losses in the previous session, which were largely owed to a pullback in US Treasury yields. The euro capitalized on this weakness, gaining ground almost across the board even as the Italian budget drama continues to lurk in the background. The yen, meanwhile, was weaker than one would have expected considering the recent market turmoil. STOCKS: Wall Street indices extended [..]

US Open Preview – Dollar cautious ahead of US CPI; Europe joins in global stock sell-off

Posted on October 11, 2018 at 11:14 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen was barely moving around 112.22 after dropping to 111.95 early on Thursday as US 10-year Treasury yields weakened to 3.15% from 3.24% on Wednesday. Trade worries were also weighing on investors appetite despite China’s Commerce Ministry saying Beijing is open for dialogue with Washington. US CPI figures later today could bring fresh waves of volatility to the greenback (see below). The dollar index was struggling too at 95.32 (-0.20%) on the [..]

Technical Analysis – NZDUSD surpasses moving averages; indicators signal some gains

Posted on October 11, 2018 at 8:47 am GMT

NZDUSD has been neutral over the past week, developing within the 0.6495 high and the 0.6423 low. Meanwhile, the 20-simple moving average (SMA) is sloping to the upside and may record a bullich crossover with the 40-SMA in the 4-hour chart, suggesting some gains. The RSI indicator climbed above the 50 level with strong momentum, while the MACD oscillator remains below the zero line, strengthening its positive movement. Upside moves are likely to find resistance at the latest high of 0.6495. A run above this [..]

European Open Preview – Stocks crash as risk aversion reigns; US CPI and ECB minutes eyed

Posted on October 11, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was down by almost 0.2% against a basket of six major currencies on Thursday, extending losses from the previous session. The yen was the best performer, advancing against all its major peers as risk aversion took hold, amid sustained worries around the trade outlook and elevated bond yields. Meanwhile, commodity currencies were hammered lower in this environment, with the loonie being caught in the eye of the storm as oil [..]

US Open Preview – Brexit hopes hold pound up; US PPI in focus

Posted on October 10, 2018 at 11:56 am GMT

Here are the latest developments in global markets: FOREX: The British pound unlocked fresh two-week highs against the US dollar at 1.3184 but it soon fell to 1.3136 after GDP growth readings out of the UK missed a forecast of 1.6% y/y, showing instead an expansion of 1.5%. July’s mark, though, was revised upwards, from 1.6% to 1.7%. Separately, manufacturing and construction outputs in August disappointed as well, driving industrial production back to the negative territory. The British trade balance [..]

European Open Preview – Fresh dose of Brexit optimism lifts pound; key UK data and US factory inflation coming up

Posted on October 10, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is fractionally lower on Wednesday (-0.06%), after finishing the previous session down as well, weighed on by a slight pullback in US bond yields. The British pound outperformed, as fresh media reports amplified optimism that a Brexit deal may be reached by next week. On the other hand, the euro surrendered ground across the board, even despite some soothing remarks by the Italian PM. STOCKS: Wall Street closed mostly in [..]

US Open Preview – Euro feels more pain as Italian stress weighs; bond yields hit fresh highs

Posted on October 9, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: The euro erased earlier gains to fall as low as 1.1435 (-0.50%), the lowest since August 20, as a potential clash between Rome and the EU over Italy’s spending plans looked unavoidable – especially after bitter comments by the Deputy Prime Minister, Matteo Salvini in Brussels on Monday. Meanwhile, Italy’s finance minister reiterated today that the deficit target for 2019 will be 2.4% of GDP, but also said that the government will take action if the yield spread widens. US [..]

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